Rendered Products Market is projected to grow at a CAGR of 3.2% over the forecast period. Rendering is a process that converts waste animal tissues or the whole animal fatty tissues into purified fats such as lard or tallow. The most common animal sources of rendering products are beef, pork, sheep, and poultry. The rendered products are used in various industries such as fertilizers, cosmetics, bio-fuel, animal feed, food industry, and others.
North American countries are the leading rendered products market and are expected to grow over the forecast period 2017-2023. Also in North America, the U.S. is the major contributor to rendered products. The North American government is putting more emphasis on reducing imports of meat & increase home production, which is expected to give a boost to the livestock industry so is the rendered products market.
Moreover, increasing focus on R&D is contributing to the growth of the rendered products in this region. However, growing competition may hamper the North American market over the review period. All these factors will lead to overall growth of the North American rendered products market at a CAGR of 3.2% over the forecast period 2017-2023.
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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major rendered products market players. It further includes product portfolios, developments of leading players, which includes
- Baker Commodities Inc. (U.S.)
- Argent Energy (U.K.)
- Darling Ingredients (U.S.)
- Greenergy International Ltd (U.K.)
- Olleco (U.K.)
- Uptown Biodiesel Limited (U.K.) and
- Proper Oils (U.K.)
Fatty acid present in tallow is gaining popularity in cosmetics as a texture adding agent
North America is projected to be the most efficient renderer of raw materials for animal rendering process
Rendered products are segmented on the basis of sources such as beef, pork, sheep, poultry, and others. Among all, the beef segment is dominating the market, and is expected to grow in the coming years. Apart from being an integral part of the animal feed, tallow derived from beef is gaining popularity in cosmetics to add texture in creams, soaps, and other cosmetic products. It is also used as a lubricant in bio-fuels for plans.
On the basis of category, rendered products are segmented into food grade, feed grade, and industrial grade. Due to various sanitary reasons, major portion of the rendered products are discarded from food grade category, thus, the feed grade segment is dominating the market followed by industrial grade.
Based on the application, the rendered products are segmented into cosmetics, biofuel, animal feed, fertilizers, food industry, and others. Among all, animal feed segment is dominating the market. Major portion of animal by-products are used in livestock feeding to improve the nutritional level of animal feed. Moreover, the application of rendered products is witnessing a steady growth in the fertilizers segment.
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The global rendered products market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the market, and is projected to continuous growth in the forecast period followed by Europe. In North America, the U.S. is the major contributor to the rendered products market.
Furthermore, rising industrialization of meat may witness a moderate growth in Asia Pacific. Also, leading livestock and meat processing countries such as Argentina, Australia, Brazil, Uruguay, and New Zealand are expected to achieve a steady growth in the forecast period.
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